Edition:
India

Caledonia Mining Reports FY Net Profit Attributable To Shareholders of $10.8 Mln


Wednesday, 20 Mar 2019 

March 20 (Reuters) - Caledonia Mining Corporation PLC ::CALEDONIA MINING - CERTAIN OPERATIONAL AND ECONOMIC FACTORS HAVE RESULTED IN LESS DEVELOPMENT BEING ACHIEVED THAN PLANNED AT BLANKET MINE.CALEDONIA MINING - PRODUCTION NOW EXPECTED TO BE APPROXIMATELY 75,000 OUNCES IN 2021 INCREASING TO APPROXIMATELY 80,000 OUNCES IN 2022 AT BLANKET MINE.CALEDONIA MINING CORPORATION PLC - COSTS IN YEAR AND QUARTER WERE HIGHER THAN EXPECTED DUE TO A COMBINATION OF INCREASED PRICES FOR CYANIDE AND STEEL.CALEDONIA MINING CORPORATION PLC - NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS FOR YEAR INCREASED FROM $9.4 MILLION TO $10.8 MILLION.CALEDONIA MINING CORPORATION PLC - INVESTMENT PLAN IS COMPLETED TOWARDS END OF 2020, EXPECT TO HAVE SUBSTANTIAL FREE CASH FLOWS TO DEPLOY ELSEWHERE.CALEDONIA MINING - THERE ARE "VERY ENCOURAGING DEVELOPMENTS IN ZIMBABWE WHICH WE ARE OPTIMISTIC" WILL CREATE NEW INVESTMENT OPPORTUNITIES". 

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